The EUR/USD pair is highly recommended for traders who are only beginning to trade Forex. It trades easily by retail traders as well as by Central banks and financial institutions around the world.
The most active trading sessions takes place in London and New York and the most commonly used EUR/USD Forex charts are the Daily, 4 Hour and 1 Hour charts. The traders at Daily Forex will post the latest Euro to US dollar forecasts and will keep you totally updated regarding EUR/USD trading.
EUR/USD receives additional interest from volume generated by the Euro-crosses (e.g. euro/British pound (EUR/GBP), EUR/CHF and EUR/JPY. This interest tends to be contrary to the underlying U.S. dollar direction, making it an attractive market for short-term traders.
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The Euro has rallied a bit during the trading session on Thursday, breaking above the 1.10 level.
The Euro has been very difficult to trade over the last couple of days because although it has been bullish during most of the time, it keeps pulling back rather rapidly.
The Euro rallied a bit during the trading session on Tuesday but gave back a significant amount of the gains in order to form a bit of an inverted hammer.
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The Euro has been all over the place during the Monday session, as the Federal Reserve has suggested that it was going to expand quantitative easing yet again.
The Euro initially tried to rally during the trading session on Friday, reaching as high as 1.08 and above.
The Euro initially tried to rally during the trading session but found the area near the 1.10 level would be far too resistive to continue going higher.
Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.
The Euro fell initially during the trading session on Tuesday, slicing through the 1.10 level rather handily.
The Euro has rallied significantly during the day on Monday, reaching towards 1.1250 level before pulling back a bit.
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Inspired by panic-induced decision making out of the US Federal Reserve, which slashed interest rates by 150 basis points in two emergency sessions to 0.00%
The Euro has been all over the place during trading on Thursday as we continue to see massive amounts of swings and volatility.
The Euro initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to show signs of concern.
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US President Trump has provided some support to the collapsed US dollar by announcing plans for his government to mitigate some of the Corona pandemic effects in his country
The Euro initially tried to rally a bit during the trading session on Tuesday, but gave up gains near the 1.1450 level again, only to break down below the 1.13 handle during the trading session.
In the beginning of this week's transactions, we noticed violent price gaps, amid increasing global fears of a growing Corona spread